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RRSP Loans

Every year around RRSP season (January – February), PARAMA offers special 1 year RRSP loans to our members. These loans are fast, easy to apply for and feature a payment deferment option so you can wait for your tax refund before making any payments. Simply fill out the one page application (available in branch or online) and we’ll provide you with the money you need to invest in your PARAMA RSP. If you want to catch up on unused contributions from previous years, longer repayment terms can be arranged at a slightly higher borrowing rate.